Sounds like Bank of America is admitting that they knowingly tried to sneak bad mortgages in with the good ones and sell them bundled as good ones. Ok, so now they pay back the investment funds who were duped. This is what started the slide of the economy. So how will this help the economy recover? They should be made to take the money and put it into circulation thru small business loans to stimulate the economy. How many people are out of work because of the lies and greed. Use this money to help them, or penalize the bank even more.
Sounds like Bank of America is admitting that they mislead investors by bundling good and bad mortgages togther and selling them off as good. The settlement makes the investors whole, but didn’t the fraudulent bundling cause our economy to crumble and many, many people to lose their jobs? How does this settlement help them or the economy? They should be penalized another $8 billion and use the money to fund small business loans to help stimulate the economy.
Sounds like Bank of America is admitting that they knowingly tried to sneak bad mortgages in with the good ones and sell them bundled as good ones. Ok, so now they pay back the investment funds who were duped. This is what started the slide of the economy. So how will this help the economy recover? They should be made to take the money and put it into circulation thru small business loans to stimulate the economy. How many people are out of work because of the lies and greed. Use this money to help them, or penalize the bank even more.
Sounds like Bank of America is admitting that they mislead investors by bundling good and bad mortgages togther and selling them off as good. The settlement makes the investors whole, but didn’t the fraudulent bundling cause our economy to crumble and many, many people to lose their jobs? How does this settlement help them or the economy? They should be penalized another $8 billion and use the money to fund small business loans to help stimulate the economy.